Interim report January-September 2003

Thu, Oct 30, 2003 09:00 CET

Interim report January-September 2003
· Rental income totalled SEK 1,526 million (1,751)
· The profit after tax totalled SEK 409 million (505), equivalent
to SEK 6.63 (8.01) per share
· For the twelve-month period 2003, the profit after financial
items will exceed the profit for the previous year (SEK 1,010 million)
· Wihlborgs owns 28,000 'A' shares and 10,633,200 'B' shares in
Drott AB (publ), equivalent to 12.0 percent of the capital and 11.7
percent of the votes. The shares were acquired at an average price of
SEK 96.50.
Wihlborgs' profit after financial items amounted to SEK 573 million
(705). The profit includes gains from property sales amounting to SEK
300 million (390).
"Our property portfolio has decreased as a result of sales, which has
affected our income from property management. At the same time we have
large capital gains from property sales. During the first nine months of
the year we sold 59 properties for SEK 2 billion, and after the end of
the period we sold Klara Zenit for SEK 3.2 billion. The total profit
from property sales so far is SEK 800 million, of which SEK 700 million
is recorded during 2003," says Erik Paulsson, President and CEO of
Wihlborgs Fastigheter AB.
Appendix: Interim report January-September 2003
For further information:
Erik Paulsson, president and CEO,
tel +46 (0)8-555 148 18, +46 (0)733-8718 18
Olle Knaust, CFO, tel +46 (0)8-555 148 10, +46 (0)733-87 18 10
Mats Berg, communications manager, tel +46 (0)8-555 148 20, +46 (0)733-
87 18 20
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